With a goal of acquiring more than $1 billion in New York City office and retail space, development specialist KPG Funds (KPG) has named Noah Kaufman as its first-ever managing director of acquisitions. He brings more than 20 years of acquisitions and asset management experience to the firm.
Formerly a senior executive at several real estate firms, including The Zar Group and CLK properties, Kaufman will manage KPG’s acquisition and asset management functions. The new hire and position by the office-focused real estate firm — which specializes in value-add acquisitions and development — was made to bulk up KPG’s acquisition and asset management team.
“I’m convinced that Noah is going to make a valuable and positive impact on our company to help guide it through this accelerated growth period to further maturity,” said Rod Kritsberg, KPG’s chief investment officer. “His background is a perfect fit to deliver the best-in-class sourcing and asset management experience that our investors have been accustomed to receiving. In a short time, he has already been a valued and trusted partner.”
Kaufman will collaborate with several leaders at the firm to apply his expertise in acquisitions and asset management.